That's the beauty of having investments.

As a landlord, you want to have procedures established for each task you will be performing (rent collection, marketing, showings, leasing process, move-in day, move-out day, maintenance calls, utility switches...) in order to treat your tenants equally and fairly.

In the end even with overspending, the house came out beautiful and the rent I'm getting is making it worth the trouble!!

In the end even with overspending, the house came out beautiful and the rent I'm getting is making it worth the trouble!!

If you have some addresses where you want to start this venture, an Architect can perform a zoning analysis.

Yeah, if you've been a good borrower for a year and the LTV drops.However, banks can sell the debt (read the assignment clause in your mortgage) to whoever has the money and wants to service it.In any case, it's worth a call emphasizing your good performance and increased value of the property.

Well, as much as I wish I could say I'm planning on purchasing the property, it unfortunately isn't in my financial cards at this time (Debt to Income isn't quite good enough, and credit score could use some work as well), so I will unfortunately have to let this beautiful beast pass me by.

Understandably, in the interim until you find and get the PM going, ask the PM if they can get their recommended contractor to perform the repairs in advance of you signing an agreement with the promise that if it goes well you will sign on.

We understand that it’s a big loss but we are looking to the best strategy to beat the situation and restructure our portfolio from this and get something else that performs if we can get anything from this.

My roofer has pitched me, I see a local realtor who never really sold much pitching deals now, doesn't even own her own home, and even had the bellman at a hotel pitch me, so lots of people who probably know less than we do about syndication, managing apartments, improving performance, etc are pitching deals.